Gemalto withdraws offer for Wavecom

Gemalto backs out as Sierra Wireless walks in on acquisition


Gemalto, a European-based company known in the security industry for providing smart card technology, announced today that it has officially terminate its offer for Wavecom, a machine-to-machine wireless technology provider. The termination was made in accordance with the French Financial Markets Authority general regulations, and the offer is withdrawn in both France and the U.S.